New Delhi: With Diwali just around the corner, excitement is building in offices across the country. Employees are eagerly looking forward to their Diwali bonuses which often come in the form of cash, sweets, gift vouchers, clothes, or gadgets. But while these festive perks feel like a treat, many are unaware that they could come with a tax liability, turning a joyous bonus into a surprise for your wallet.

Many people assume festive gifts and bonuses are completely tax-free. The truth is, some Diwali perks are taxable, and failing to declare them correctly could draw the attention of the Income Tax Department.

How Diwali Gifts From Employers Are Taxed

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Small gifts are usually tax-free: Gifts from employers are exempt from tax if their value does not

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